EIT Digital, a pan-European organisation that promotes innovation, education, and entrepreneurship in digital technology, has announced this year’s 20 finalists across Europe for its EIT Digital Challenge.
The finalists will pitch in front of a jury of experts and investors, and participate in a matchmaking session with invited corporates and investors. The winners will be announced at an event on October 27.
The winners will receive a waived entry into the 12-month EIT Digital Accelerator programme worth €50,000. In addition, they will get dedicated services in international access to finance and business development from the EIT Digital Accelerator team.
The EIT Digital Accelerator provides tailor-made growth support by helping participants raise capital, find customers, and scale up internationally. This is done through a distributed team of business developers and fundraising experts from 10 European countries.
Since 2012, the EIT Digital Accelerator has supported startups and scaleups from 18 countries. Together, these startups have raised over €1B in investment. The Accelerator has also been recognised as the world’s top public Business Accelerator by UBI Global, and as one of the top three accelerator brands in Europe by Startup Heatmap Europe.
Here are the 20 selected finalists for the EIT Digital Challenge 2022.
Anisoprint
HQ: Luxembourg
Anisoprint is a hardware startup producing carbon fibre 3D printers. The printers can manufacture carbon-reinforced plastic parts that can substitute metal parts in aerospace and engineering areas, cutting costs and increasing productivity. The company works with various clients in sports, robots, quadcopters, medical prostheses and orthoses, and sports goods.
Build38
HQ: Munich, Germany
Build38 provides mobile application protection solutions and services – including artificial intelligence and robust app shielding technology. The company claims that its solutions are easy to integrate and can be done in minutes.
The company protects applications across various industries, including automotive, banking, insurance, public transportation, and healthcare.
Based out of Munich, the company has offices in Barcelona and Singapore.
Covision Quality
HQ: Bressanone, Italy
Covision Quality is a spinoff of Covision Lab and works with its research and institutional partners. The company has developed software for automating and scaling visual inspection and defect detection on metals and plastics through computer vision and machine learning.
Covision claims that its customers can increase “time to inline deployment” by 20x and reduce pseudo scrap rates by up to 90%.
Daye
HQ: London, UK
Daye is a femcare startup offering healthcare products designed with women in mind. The company’s new product is a tampon using CBD to handle period cramps, aka dysmenorrhea. CBD is an extract from the flower of the industrial hemp plant and is a legal marijuana relative.
Elemendar
HQ: London, UK
Elemendar has developed an Artificial Intelligence capability READ application that reads human-authored cyber threat intelligence and translates it into machine-readable industry-standard structured information (STIX & MITRE ATT&CK). The company’s solution enables clients to understand and defend against new threats faster.
Faradai
HQ: London, UK
Faradai Energy Intelligence Platform is an AI and cloud-based PaaS data analytics solution for commercial buildings, industrial facilities, and renewable energy plants. Through machine learning algorithms and big data analytics, Faradai provides energy saving, operational efficiency, energy procurement optimisation, predictive maintenance, solar energy, and sustainability management for its customers.
Greenhabit
HQ: Eindhoven, the Netherlands
Founded by Mark Linders and Chantal Linders, Dutch company Greenhabit was launched within the EIT Digital Innovation Factory to help people with diabetes and cardiac conditions stick to their rehabilitation programmes.
The company employs a scientific approach to behavioural change. By providing daily activities and rewarding progress, the app employs gamification to keep users interested. In addition, Greenhabit can pinpoint patient requirements using AI to address the root cause of bad behaviour.
JENTIS
HQ: Vienna, Austria
Based out of Vienna, JENTIS is a server-side tracking tool that helps businesses extract complete, accurate, and consistent raw data to accelerate their growth. The Austrian company developed the SaaS solution to reduce errors and deviations in web analytics tools and to streamline operations.
Loupedeck
HQ: Helsinki, Finland
Loupedeck manufactures customisable consoles designed to optimise productivity and maximise creativity through interactions with creative software.
The company’s product line-up includes Loupedeck+, Loupedeck Live, and Loupedeck CT.
Each console is custom-designed to support various workflows, including photo and video editing, audio composition, graphic design, content creation, and live streaming.
Meep
HQ: Madrid, Spain
Based out of Madrid, Meep has developed MaaS solutions in the form of mobile applications in which all modes of transport available in a city, public and private, are integrated.
The company aims to combine traditional public transport services with new micro-mobility to put the citizen in the centre of public transport, radically improving their digital experience.
Through the app, the Spanish company provides digital solutions for Transit Authorities, Transit Operators, and Mobility Service Providers to create an interconnected mobility ecosystem.
Medicalib
HQ: Paris, France
Medicalib is an online portal that helps find health professionals, nurses, physiotherapists, and midwives in less than an hour.
MiiCare
HQ: London, UK
MiiCare is a social enterprise company that has developed a digital health coach, Monica, to support older adults (physically and emotionally) to live a healthier, safer, and happier life, and ease the pressure on their families and caregivers.
Multiverse Computing
HQ: San Sebastián, Spain
Multiverse Computing provides software for companies from the financial industry to help them gain an edge with quantum computing. It combines quantum and quantum-inspired solutions to address complex open problems in finance by demonstrating industry use cases to bring value to financial institutions.
The company’s flagship product, Singularity, enables financial professionals to run efficient quantum algorithms on any quantum computer from a simple spreadsheet to address highly complex problems – such as portfolio optimisation and fraud detection – without requiring any knowledge of quantum computers.
Outvise
HQ: Barcelona, Spain
Outvise is an online talent marketplace for Business Tech freelance experts.
The platform connects companies with highly skilled freelance experts and management consultants to address their talent gaps across all functional areas, from strategy, marketing, and sales to operations, technology, and IT, in a fast and cost-effective way.
Parloa
HQ: Berlin, Germany
Parloa is a Conversational AI platform for automating omni-channel customer services like phonebot and chatbots. The company’s solution allows customer concerns, primarily on the phone, to be identified within seconds and repetitive tasks to be automated. Through this solution, Parloa aims to help every company worldwide to have better customer conversations.
Sellforte
HQ: Espoo, Finland
Sellforte is a marketing mix modelling platform serving companies to measure marketing ROI and plan scenarios for future media investments.
Snafu
HQ: Stockholm, Sweden
Based out of Stockholm, Snafu is a full-service record label built on AI music discovery. To discover talent, the platform’s proprietary algorithms analyse open platforms, including Spotify, SoundCloud, Youtube, and TikTok.
Then, as per the company’s claims, the solution predicts which artists are likely to be popular, depending on sentiment analysis, song structure, decision trees, and neural networks.
Vottun
HQ: Barcelona, Spain
Vottun focuses on helping companies adopt blockchain technology to improve their current business processes and create new business models.
The company has developed a platform that provides different blockchain ‘ready-to-use’ solutions and APIs to create value. Currently, in the public blockchain, the company supports Ethereum, Stellar, Algorand, Ethereum Classic, Bitcoin, and Inmutable X (only for NFTs).
WorkTrips.com
HQ: Warsaw, Poland
WorkTrips.com (previously Hotailors) is a next-gen AI-powered travel platform. The platform organises business travels that grant access to real-time offers from 2,000,000+ hotels and 700+ airlines worldwide. The company says that with its platform, businesses can easily control their travel policy, reduce spending and increase the efficiency of their company.
W.Sense
HQ: Rome, Italy
W.SENSE is a deep-tech telecommunication company, born as a spinoff of Sapienza University in Rome. It specialises in underwater monitoring and communication systems based on IoUT solutions.
